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PRESS DIGEST-British Business – Sept 13 – Reuters Africa

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Sept 13 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

The Times

– Woodford Patient Capital Trust Plc, the investment trust run by under-fire money manager Neil Woodford, said it was writing down one of his unquoted investments by 36 million pounds ($44.38 million). bit.ly/2kcRwK0

– British American Tobacco Plc said it will cut 2,300 jobs or 4% of its workforce, including senior roles, by Jan, as its new chief executive, Jack Bowles, focuses on the company’s vaping business. bit.ly/2lT9amo

The Guardian

– Britain’s second-biggest supermarket, J Sainsbury’s Plc could sell milk and fizzy drinks in returnable glass bottles as part of a drive to halve the amount of plastic packaging it uses by 2025. bit.ly/2kcSmq8

– British Airways said it has begun cancelling flights scheduled for Sept 27, ahead of a second strike by pilots later this month. bit.ly/2kuZjTP

Sky News

– Co-Operative Group Ltd boss Steve Murrells said that a no-deal Brexit would leave “gaps on the shelves” of British supermarkets and cause food shortages across the country from November. bit.ly/2lTa42g

– British travel operator Thomas Cook Group Plc is in talks with its lenders to increase the size of a rescue fundraising to 1 billion pounds after the company warned it could face collapse unless it finalises a deal this month. bit.ly/2kcTVEw

The Independent

– Babcock International Group Plc has been named the preferred bidder for the 1.3 billion pound contract to build a new fleet of royal navy frigates, in a move that could secure 2,500 jobs and the future of Belfast’s historic Harland and Wolff shipyard. bit.ly/2m9ppMl

($1 = 0.8111 pounds)

Compiled by Bengaluru newsroom